Crypto mining company Hut 8 has signed a power purchase agreement to build a power plant with 205 megawatts of immediately available power capacity in West Texas. The transaction is the first transaction in Hut 8’s previously announced plan to develop 1,100 megawatts of dedicated energy capacity. Once completed, the transaction is expected to increase Hut 8’s total capacity of owned and managed service power to approximately 1.3 gigawatts. (The Block)
